Bund Trading In A Minor Triangle Correction
Bund is trading quite slow, choppy and overlapping since September of last year which gives us an idea that a bigger Elliott Wave triangle correction within wave 4 consolidation is in the making. If that is the case, then more slow price action may follow on Bund and ideally afterwards make a new recovery into black wave 5 as part of a higher degree Elliott wave ending diagonal.
At the moment however, we see wave b trading in final stages and searching for resistance near the upper triangle line
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
At the moment however, we see wave b trading in final stages and searching for resistance near the upper triangle line
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
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